What is the compound interest on Rs. 50000 at 4% per annum for 2 yr compounded annually. Pls tll with step to step explanation .i will mark you as brain list
Answers
Answered by
2
Answer:
Compund Interest will be (b) Rs . 4080
Step-by-step explanation:
When compounded anually,
Total Amount = Principal(1 + Rate/100)^Time period
= 50000 (1 + 1/25) ^ 2
= 50000 (26/25) (26/25) = 54080
Compound Interest = Total Amount - Principal
= 54080 - 50000 = 4080
Hope will help...!!
Answered by
0
Answer:
4080 is your answer.
Step-by-step explanation:
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